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Michael Pettis: China's Economic Growth Model Is Dying
Forward Guidance
The Chinese Communist Party's Awareness of Real Estate Speculation
The Chinese Communist Party has become aware that real estate speculation may be not so good a thing. They have been cracking down on that sector, right? Well, they became aware of this much earlier. It's very hard to change the consumption share of GDP. Japan has been talking about doing this since the Mayakawa report in 1986 and they haven't been able to do it.
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